Consumer Discretionary

CFRA Maintains Hold Opinion On Shares Of Ford Motor Company

/ / Consumer Discretionary /

-1.65%-3.17%盘后 CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month price target by $1 to $12, based on ’25 P/E of 6.3x and a justified discount to F’s five-year mean forward P/E of 8.2x. We lower our adjusted EPS estimates to $2.00 from $2.10 for ’23, to $1.80 from $2.05 for ’24, and introduce ’25 at $1.90. Ford posts Q3 adjusted EPS of $0.39 vs. $0.30 (+30%), short of the $0.46 consensus. Automotive revenue rose 11% to $41.2B ($1.3B below consensus) and adjusted EBIT margin expanded 40 bps to 5.0%. Like GM earlier this week, Ford withdrew prior 2023 guidance pending the ratification of its tentative labor agreement with the UAW that was announced last night. While we think the new labor deal will be ratified, we view the concessions the company

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Hilton Expects New Hotel Openings to Accelerate Despite Higher Interest Rates

/ / Consumer Discretionary /

Hilton Worldwide Holdings expects new openings to accelerate in the current quarter despite pressure from higher interest rates, Chief Executive Chris Nassetta says. “We believe we have hit an inflection point and expect a meaningful uptick in openings in the fourth quarter with continued positive momentum into next year,” he says in the company’s third-quarter earnings press release. He says the company is confident it can grow net units by 5.5% to 6%. Hotel operators have warned for much of this year that higher interest rates and construction costs are weighing on demand for new hotels.

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Hilton Reports Third Quarter Results

/ / Consumer Discretionary /

Hilton Reports Third Quarter Results MCLEAN, Va.—-October 25, 2023– Hilton Worldwide Holdings Inc. (“Hilton” or the “Company”) (NYSE: HLT) today reported its third quarter 2023 results. Highlights include: This press release features multimedia. View the full release here: — Diluted EPS was $1.44 for the third quarter, and diluted EPS, adjusted for special items, was $1.67 — Net income was $379 million for the third quarter — Adjusted EBITDA was $834 million for the third quarter — System-wide comparable RevPAR increased 6.8 percent, on a currency neutral basis, for the third quarter compared to the same period in 2022 — System-wide comparable RevPAR increased 11.4 percent, on a currency neutral basis, for the third quarter compared to the same period in 2019 — Approved 35,500 new rooms for development during the third quarter, bringing Hilton’s development pipeline to a record 457,300 rooms as of September 30, 2023, representing growth of

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CFRA Keeps Buy Opinion On Shares Of Pultegroup, Inc.

/ / Consumer Discretionary /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We cut our 12-month target price by $11 to $87, 7x our 2024 EPS view of $12.46 (up $0.98; 2023’s up $0.35 to $11.65), a discount to the five-year forward P/E average of 7.5x. Q3 EPS of $2.90 (+7.8% Y/Y) beat by $0.08 on revenue of $4.0B (+1.5% Y/Y), $60M below consensus. PHM closed 7.1K units (+0.4% Y/Y, -6.0% Q/Q) with an average selling price of $549K (+2.0%, +2.0%), of which 48% were spec sales. Net orders of 7.1K units (+43.0%, -11.0%) were valued at $3.8B (+36.0%, -10.0%). Backlog of 13.5K units (-21.0%, flat) was valued at $8.1B (-23.0%, -1.0%). Home sale gross margin of 29.5% (-60 bps Y/Y) was aided by active-adult, spec build, and build-to-order homes. The cycle time of 140 days is expected to

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PulteGroup Reports Third Quarter 2023 Financial Results

/ / Consumer Discretionary /

PulteGroup Reports Third Quarter 2023 Financial Results — Net Income Increased 8% to $2.90 Per Share — Home Sale Revenues Increased 3% to $3.9 Billion — Home Sale Gross Margin of 29.5% — Net New Orders Increased 43% to 7,065 Homes with a Value of $3.8 Billion — Unit Backlog Totaled 13,547 Homes with a Value of $8.1 Billion — Repurchased $300 Million of Common Shares and Retired $65 Million of Senior Notes in the Quarter — Debt-to-Capital Ratio Reduced to 16.5%; Net Debt-to-Capital Ratio of 1% Including Company’s Cash Balance of $1.9 Billion ATLANTA–(BUSINESS WIRE)–October 24, 2023– PulteGroup, Inc. (NYSE: PHM) announced today financial results for its third quarter ended September 30, 2023. For the quarter, the Company reported net income of $639 million, or $2.90 per share. In the prior year period, the Company reported net income of $628 million, or $2.69 per share. “PulteGroup’s third quarter results

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PulteGroup Q3 EPS $2.90 Beats $2.84 Estimate, Sales $4.00B Miss $4.02B Estimate

/ / Consumer Discretionary /

PulteGroup (NYSE:PHM) reported quarterly earnings of $2.90 per share which beat the analyst consensus estimate of $2.84 by 2.11 percent. This is a 7.81 percent increase over earnings of $2.69 per share from the same period last year. The company reported quarterly sales of $4.00 billion which missed the analyst consensus estimate of $4.02 billion by 0.50 percent. This is a 1.50 percent increase over sales of $3.94 billion the same period last year.

PulteGroup Q3 EPS $2.90 Beats $2.84 Estimate, Sales $4.00B Miss $4.02B Estimate Read Post »

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